Coinbase Unveils New Perp Listings — Which Altcoins Made the Cut?

ccn.comPublished on 2025-12-16Last updated on 2025-12-16

Abstract

Coinbase has expanded its derivatives offering by adding perpetual-style futures for 11 major altcoins, alongside its existing Bitcoin and Ether products. The newly supported altcoins include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Sui (SUI), and Stellar (XLM). These contracts are designed to replicate perpetual exposure while complying with U.S. derivatives regulations, differentiating them from traditional perps offered by offshore or decentralized exchanges. The selection emphasizes large-cap, liquid tokens with established trading histories, including both legacy networks and newer layer-one protocols. Traders can access these products through Coinbase Derivatives via registered Futures Commission Merchant partners.

Key Takeaways

Coinbase has expanded its “perpetual-style” futures offering.
Eleven altcoins have joined the roster alongside Bitcoin and Ether.
Unlike traditional perps, perpetual-style futures comply with U.S. derivatives regulations.

Following the launch of its flagship BTC and ETH products earlier this year, Coinbase has expanded its derivatives offering with perpetual-style futures tied to a slate of major altcoins.

While offshore and decentralized exchanges have long dominated the global perp market, Coinbase’s move highlights the steady normalization of regulated crypto derivatives in the U.S. market—albeit in a distinctly American wrapper.

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Coinbase Doubles Down on Perps

Coinbase initially listed “perpetual-style” futures for Bitcoin and Ether in July, marking the launch of a new asset class for the U.S.-regulated market.

The contracts are designed to replicate perpetual exposure without being legally classified as swaps. They are technically still futures with expiries, but because they automatically roll over at maturity, from the perspective of traders, they behave the same as true perps.

Which Altcoins Are Supported?

On Thursday, Dec. 15, Coinbase introduced eleven new altcoins to its perpetual-style derivatives offering:

Avalanche (AVAX)
Bitcoin Cash (BCH)
Cardano (ADA)
Chainlink (LINK)
Dogecoin (DOGE)
Hedera (HBAR)
Litecoin (LTC)
Polkadot (DOT)
Shiba Inu (SHIB)
Sui (SUI)
Stellar (XLM)

The selection leans toward large-cap, liquid tokens with long trading histories. Legacy networks, such as Litecoin, Bitcoin Cash, and Stellar, sit alongside newer layer-one and infrastructure plays, including Avalanche, Sui, and Chainlink.

Memecoins also feature, with both Dogecoin and Shiba Inu included in the list, their persistent liquidity and retail demand.

A Signal for U.S. Crypto Derivatives

Unlike traditional perps offered by decentralized or offshore exchanges, Coinbase’s perpetual-style futures comply with U.S. derivatives regulations, making them suitable for American retail and institutional traders.

Perp-style futures are listed on Coinbase Derivatives rather than the company’s spot exchange. Traders must access them via the firm’s registered FCM (Futures Commission Merchants) partners, which include ABN Amro, Architect, and Clear Street.

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